Regal Partners Ltd Has $68.04 Million Stake in Apollo Global Management Inc. $APO

Regal Partners Ltd increased its stake in Apollo Global Management Inc. (NYSE:APO) by 15.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 479,611 shares of the financial services provider’s stock after buying an additional 63,210 shares during the period. Apollo Global Management comprises about 5.7% of Regal Partners Ltd’s investment portfolio, making the stock its 7th largest position. Regal Partners Ltd owned approximately 0.08% of Apollo Global Management worth $68,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GW&K Investment Management LLC increased its stake in shares of Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after buying an additional 87 shares during the last quarter. Activest Wealth Management increased its stake in shares of Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after buying an additional 175 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the period. Bay Harbor Wealth Management LLC increased its stake in Apollo Global Management by 5,200.0% during the second quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 260 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in Apollo Global Management during the first quarter valued at $42,000. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the subject of several recent research reports. Morgan Stanley lowered their target price on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Citigroup lowered their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Barclays lowered their target price on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Wells Fargo & Company upped their target price on Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.57.

Insider Buying and Selling

In related news, insider Whitney Chatterjee sold 4,500 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the sale, the insider owned 83,192 shares of the company’s stock, valued at $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Leon D. Black sold 915,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider directly owned 4,526,000 shares of the company’s stock, valued at $606,619,780. The trade was a 16.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 935,000 shares of company stock valued at $125,543,790 over the last 90 days. 8.20% of the stock is currently owned by company insiders.

Apollo Global Management Stock Performance

Shares of APO opened at $124.48 on Friday. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $189.49. The company has a market cap of $71.21 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a fifty day moving average of $131.50 and a 200-day moving average of $136.12.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. As a group, equities analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. Apollo Global Management’s payout ratio is 38.13%.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.